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the natural hand brake on supply is replacement cost, no one will bother building at these prices unless they are already committed. strong positive cashflow in a blue chip town that has taken a capital hit with bruised vendors that would - presumably - look at creative offers.... to coin a top...

i traded out of the market before it corrected, but you would have to think it has bottomed now? who knows tho.

I'm going back into karratha. If anyone is interested this appears to be good: http://www.realestate.com.au/property-house-wa-baynton-116930275 next door sold for nealry $900k a few years back

boddy is noteworthy, because it was touted a couple of years back as being the next karratha. every man and his dog was flogging farms to developers and carving things up

Yes but this thread suggests a quantum shift in rents and values. People will drive when the rents are halved for a short drive. same happened in karratah when people use to commute from wickham etc.... it has the effect of inreasing rents and values int hse towns as well. The more surrounding...

well a 4x2 is more like $1.25m+, but i think it would apply to anything. it is cheaper to buy than rent so if a OO can buy a house without a lease it is seen as a good thing

I understaod the houses that come on free of a lease command a premium?

thats nuts... the building would be worth that!

lets not get carried away.... expecting 17% as a minimum could lead to disappointment. there are many resons why karratha is what it is

MM how far is it from bundy to gladstone and is the bundy market on the move as a result

$200k on a $350k property? thats huge %'s

and the Burrup Fertiliser plant. the economy is large and diverse the main point is replacement cost. $400k wouldn't even pay for a 2 bedroom house to be constructed up there.

still very early days for gladstone and there is nothing to say yields will ever be like karratha.